Assay results are expected shortly from a stepout hole drilled by Adrian Resources (VSE) on the Petaquilla property in Panama. A $2-million program, funded by Adrian, is earning a 32% interest from Minnova (TSE) and GeoRecursos Internacional S.A.
The seventh hole of the program, a 2-km stepout southeast of the Botija deposit, intersected a 75-metre interval from bedrock surface displaying mineralogy consistent with that observed at both the Botija and Petaquilla deposits.
Stepout evaluations of the new discovery will continue, and the drill program will also test the two known deposits as well as other recently defined target areas on the property.
Reserves at the Petaquilla property were last reported as totalling 875 million tons grading 0.6% copper at a 0.3% cutoff grade.
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